Ethereum Technical Analysis – August 19, 2025

Ethereum is currently trading around $4,191, down almost −3% today after a strong rally earlier this month that pushed the price above $4,800. The chart is now showing a clear pullback phase, as bulls take profits and sellers regain some momentum.

What’s Happening?

• ETH had a massive run-up from mid-July, moving from under $3,200 to over $4,800 in just weeks.
• The rally has now cooled, with ETH retracing back toward the $4,200–$4,000 support zone.
• Volume has increased on the recent red candles, suggesting selling pressure is picking up.

Key Levels to Watch

• Resistance:

  • $4,400: Short-term resistance where ETH has struggled in the past few days.
  • $4,600–$4,800: Major zone where the recent top was formed.

• Support:

  • $4,000: Critical psychological and technical support.
  • $3,800: Stronger base from late July, could act as a deeper pullback level.

What to Expect

• Bullish Scenario: If ETH can hold above $4,000 and bounce, buyers could regain momentum for another test of $4,400 and potentially $4,600. A breakout above $4,800 would open the door to $5,000+.
• Bearish Scenario: If $4,000 breaks with heavy volume, ETH could slide further toward $3,800 or even $3,600 before stabilizing.

Outlook

Ethereum is cooling off after an impressive rally. This correction looks healthy so far, as long as $4,000 holds. Traders should watch whether ETH consolidates here for a rebound, or whether sellers push it lower for a deeper reset before the next leg up.

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📊 Summary: Short-term momentum is bearish, but the larger trend remains bullish. The $4,000 level is key — hold it, and ETH is likely preparing for another breakout attempt. Lose it, and we could see more downside first.